Oracle 1z0-1054-23 : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

Exam Code: 1z0-1054-23
Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Updated: Sep 17, 2026
Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Enterprise and Financial Reporting Structures	20%	- Configure Financial Reporting Structures 1. Create accounting hierarchies 2. Define reporting views and dimensions - Configure Enterprise Structures 1. Set up chart of accounts structure and instances 2. Configure segment labels and value sets 3. Define legal entities and business units
Topic 2: Period Close and Financial Reporting	20%	- Financial Reporting 1. Analyze budgets versus actuals 2. Create and run financial reports 3. Use Smart View for analysis - Perform Period Close 1. Execute period close processes 2. Manage accounting periods 3. Reconcile balances
Topic 3: Journal Processing and Approval	20%	- Manage Journals 1. Configure journal approval rules 2. Define allocation and recurring journals 3. Create, import, and post journals
Topic 4: Ledgers and Accounting Setup	25%	- Budgetary Control and Encumbrance 1. Enable budgetary control 2. Define encumbrance accounting rules - Configure Ledgers 1. Set up calendars, currencies, and accounting conventions 2. Define primary and secondary ledgers 3. Configure ledger options and subledger accounting rules
Topic 5: Intercompany Accounting	15%	- Configure Intercompany 1. Process intercompany transactions and reconciliation 2. Set up intercompany balancing rules 3. Enable intercompany invoicing

Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

Question #1

What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A. Set the status of a tree to active.
B. Create additional versions of a tree.
C. Optimize parent/child relationships.
D. Verify correctness of trees.
E. View information for runtime performance.

Reveal Solution Discussion 0

Correct Answer: A,D 🗳️